Wealth Enhancement Advisory Services LLC Boosts Stake in CLEAR Secure, Inc. (NYSE:YOU)

Wealth Enhancement Advisory Services LLC lifted its stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 132.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,681 shares of the company's stock after purchasing an additional 13,499 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in CLEAR Secure were worth $614,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in YOU. Arrowstreet Capital Limited Partnership increased its position in shares of CLEAR Secure by 112.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock valued at $73,707,000 after acquiring an additional 1,463,748 shares during the last quarter. Wellington Management Group LLP increased its position in shares of CLEAR Secure by 74.9% in the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after acquiring an additional 1,422,999 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of CLEAR Secure in the fourth quarter valued at about $37,697,000. Ribbit Management Company LLC acquired a new stake in shares of CLEAR Secure in the fourth quarter valued at about $14,598,000. Finally, Renaissance Technologies LLC increased its position in shares of CLEAR Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after acquiring an additional 501,000 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

CLEAR Secure Stock Performance

Shares of CLEAR Secure stock traded down $0.09 on Tuesday, hitting $28.61. The company had a trading volume of 1,536,146 shares, compared to its average volume of 2,061,405. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 17.88 and a beta of 1.25. CLEAR Secure, Inc. has a 1 year low of $18.23 and a 1 year high of $38.88. The stock has a 50 day moving average of $25.69 and a 200-day moving average of $25.42.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The business had revenue of $211.40 million for the quarter, compared to analysts' expectations of $208.02 million. During the same period in the previous year, the business posted $0.28 earnings per share. The business's revenue was up 18.1% compared to the same quarter last year. Equities analysts anticipate that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure's payout ratio is currently 31.25%.

Analysts Set New Price Targets

YOU has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $32.00 price target on shares of CLEAR Secure in a report on Friday, May 9th. Wall Street Zen upgraded CLEAR Secure from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 price target on shares of CLEAR Secure in a report on Monday, March 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, CLEAR Secure presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Insiders Place Their Bets

In other CLEAR Secure news, Director Adam Wiener sold 3,000 shares of CLEAR Secure stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $27.50, for a total transaction of $82,500.00. Following the completion of the sale, the director owned 212,634 shares of the company's stock, valued at $5,847,435. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenneth L. Cornick sold 315,591 shares of CLEAR Secure stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total value of $7,896,086.82. Following the completion of the transaction, the director owned 64,935 shares in the company, valued at approximately $1,624,673.70. This represents a 82.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 960,964 shares of company stock valued at $24,238,299 over the last ninety days. Corporate insiders own 39.73% of the company's stock.

About CLEAR Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.